Or make part of the deal in cash to reduce captial gains on paper.

Analyst

Founder

Engineering Manager

Welcome to Personal Finance's Private Community

How to save tax when selling real estate

How to save tax when selling real estate- Grapevine

Hello Finance experts!! 

I need advice on how can I save money on taxes while selling a property. 

I want to sell a property and invest it in another property near my family so it’s easy for me to handle the property. 

Example scenario. 
The flat I want to purchase is 50L and the property I am selling is 40L. 
What do I do in terms of Loans and the cash at hand to save the most??

Thanks in Advance

Save taxes on Selling a property!

Consultant

How much tax u have to pay if u sell Rs 30L flat? Pls suggest ways to save tax

For people who lie in the 30% tax bracket, how do you save taxes?

Do you suggest making a dummy rent agreement on your parents name to save HRA? 

Got to know that if monthly rent is more than 50K, the tenant has to pay TDS as well. How do you account for it?

Any suggestions on saving taxes?

How to save taxes?

Product Manager

I am joining new org with 17LPA, I just got to know that my tax slab will be 30%. I never had to think about it for last 2 years because i was with 3.75LPA since 2 years when my career began. How should i start to reduce my taxable income? I watched various yt videos and spoke to some close acquaintances but im not able to understand how to proceed

How to save money on taxation?

Software Engineer

I recently bought a home by selling some mutual funds + bank loan. 

I still have some mutual funds left and I was wondering if I could reduce my tax liability on capital gains by selling and re buying mutual funds. 

Anyone who has done this? Or anyone who has a good CA who can advise on tax consultation?

Thanks in advance :)

Tax advice

Program Manager

Are there any legit ways to save tax once you cross that salary where saving from 80c, 80d is not of much use? I know home loan is one option but are there better ways?

How do you save tax?

I'm a salaried person with about 50 L base pay + some interest income + capital gains from equity. 
I'm currently paying around 10- 11 L in income tax.

I'm following the old regime
Claiming below major deductions
Hra
80c
Nps 
Political party donation 

Need to understand are there any more creative ways to save on taxes than what I'm already using ??
Also am I paying high tax than other people in similar income range ??

How do People in high salary ranges save on taxes ??

Isn't tax also political party donation😅

Software Developer

Has anyone tried using HUF for saving taxes on investments?
Could you share your experience and how else has it been useful to you?

HUF for saving taxes?

If you are salaried and earning 1Cr+, how are you saving on taxes? My net tax burden comes up around 40 lakh every year (and it hurts)

Looking to understand if and how you are able to save on taxes

How are you saving taxes on 1Cr+ income?

Staff Engineer

My friend has 53L in cash from his freelancing and other businesses. How can he save taxes on it? We don't know any CA and the ones he met said pay tax in entirety. 

Any suggestions are welcome.

PS: it's NOT a sarcastic post

Senior Product Manager

Got an offer, I calculated the tax and it will be around 3L ( currently it was around 1.5L) it's crazy, I don't want to pay 25k each month as tax.
My Gross will be around: 22L
I'm 24, I don't have any health insurance other than the company provided one, no home/education loan.
Please suggest how I can reduce tax.
(I have already included max 80c, NPS, HRA in my calculation)

Need Suggestion for saving TAX

1. Real estate (invested value)
2. Liquid cash
3. Other Investments (invested value)

The wealth should not be inherited.

I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

How much wealth have you created yourself?

Seeing the comment section,I realise I am broke.

Frontend Engineer

Welcome to IT Company Discussion's Private Community

If anyone needs to save tax take the lic policy at a discounted rate. Aur needs any financial advice for investment in Mutual funds, Stocks, and other instruments, feel free to connect with me.

Save tax or financial advice

Tech Lead

Welcome to Indian Startups's Private Community

Say you have ESOPs in a company. Once the company goes public, is there a holding period applicable for the esop before which it can not be sold?
Like 1 month/3 months/6 months holding periods?

Can someone also explain how the conversion of ESOPs to RSUs happens after IPO?

And mainly, tax implications and how to save tax?

Can someone explain esop selling during/after ipo

It's that time of the year when you wonder why you need to pay so much taxes for the facilities and infra that you get. What are the genuine and not so genuine ways to save taxes?

Tax savings.

Tax harvesting is a strategy of selling your equity units to book long-term capital gains and reinvesting the proceeds in the same stock.

You have to pay tax @ 10% on long term gains(On gains >1L)  arising from sale of listed equity shares/mutual funds.

You can book profits on stocks held for more than 12 months upto Rs. 1 lakhs in a financial year, long term profits upto 1 Lakh in a FY are exempt from taxes under income tax act.
You can reinvest the proceeds again in the same stock hence having that stock in your long term portfolio.

LTCG: Held for >12 months

Please note you will be incurring a small amount in brokerage and other charges.

Tax harvesting- Save 10,000 in taxes before March ends

Chartered Accountant

I just want to vent out! Many businesses are earning double than me and paying less than 50% of tax and yet here I am as a professional bound to pay tax. And that’s not enough, I still can get audited!

Paying 29L as tax this year!!

I paid 43L last year. 😤😖 
 It feels like I own every inch of new BLR airport. 😅

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